Is it bad for altcoin that BTC is dropping

[karagun125]

Bitcoin's falling price is not by altcoin, but its the fact that many are selling their altcoins and does affects bitcoin's price. If the price of bitcoin falls down then also the altcoins are affected and its also going down its prices.

[cryptolord2077]

Look at the market, the fall in the price of Bitcoin causes an avalanche effect, all holders of altcoins start to get rid of them because they fear that the price will go even lower.
And I understand them, it is better to take profits while it is still possible, then it can only be worse.

[SvetikB]

As you can see, it is the fatal for them, bitcoin influence is enormous. Some altcoins lost 1k% in their price. I wonder when bitcoin will loose his influence and alts will become independent?

[bitjoin]

From the basically, all altcoins aims at bitcoin, if the price of bitcoin still down like this, of course altcoin also feels it, a situation like this often happens in cryptocurrency, which certainly all prices whether bitcoin or the other will definitely return to normal.

[cichaescut]

At the moment every coin depends on BTC due to the big market dominance and it is very bad for altcoins that they are depending on BTC, because they have nothing to do with this coin. They have their own technology, roadmap and product.

[nityans]

I think the fall in the price of bitcoin will gradually be followed by the rest of the cryptocurrency. Bitcoin sets the rhythm of the entire cryptocurrency market.

[vasilisc555]

Most likely we are witnessing the manipulation of large market players by prior arrangement. I think that next week the rapid growth will begin.

[Mr.Noda]

The market periodically behaves so badly. The main thing to stock up on steel nerves and wait until December 12, well, and there already will be growth.

[dashayana]

Of course very bad influence on Altcoin even all coins. Bitcoin is the parent of all coins. If Bitcoin goes down then almost all coins also go down as well as vice versa. Therefore we must immediately find a way to return Bitcoin back to winning ways before everything worsens. We are at a saturation point in waiting. I hope the experts can immediately find it.

[jhache]

Yes, it can be bad enough for some alts, but there are also alts that for some reason benefit from this, most are in red and falling, must be because of the exchanges that do not change alts directly to fiat, and a lot receive a greater effect, because they are practically being devalued twice.

[Hans Groober]

It's definitely bad for altcoin that bitcoin is dropping in price. The herd effect will affect quality cryptocurrency to be badly affected as a result of panic sell! Bitcoin still has a big influence on altcoin and to a very large extent determine altcoinprice in the market!

If the price of the cryptocurrency market starts to rise, then Bitcoin will start to grow first and all the Altcoins will very strongly slacken in price relative to it. So it was the last few times.

[riptv]

i think the reason bitcoin is very important is that it is the head of all altcoins and of course i say if it falls  it is going to affect the whole altcoins and i don t think that it is in a good way.

[cryptowolfsu]

The crypto market is relatively a small market and the coins shows high correlation with the market leader BTC.
BTC is dominating the market and when BTC crashes it is not a good thing for the entire market as it usually
crashes even further.

[WackMack]

but unless looking at the price of atcoins, it is not visible that the fall of Bitcoin affects them very much. my altcoin portfolio has dropped by 20% in the last couple of days. so the relationship is direct.

[Fadhil Pahlawadi]

between bitcoin and altcoin it doesn't have a bad effect on the price of market conditions, but we are the ones who determine how to show the price to be stable

[sammyp]

The crypto market is relatively a small market and the coins shows high correlation with the market leader BTC.
BTC is dominating the market and when BTC crashes it is not a good thing for the entire market as it usually
crashes even further.

The performance of altcoins seems directly proportional to that of bitcoin and as a result of that, almost all altcoins get a significant change whenever bitcoin price changes, either positively or negatively. This makes me wonder why it is always so

[fuer44]

of course bad, not only for altcoins but for ico it's also bad. because bitcoin is the crypto top in the market so most investors are of course based on bitcoin. and if bitcoin goes down, their interest will also decrease, and interest in altcoin falls because of the crypto king who falls.

[AlfaroBasilio]

of course bad, not only for altcoins but for ico it's also bad. because bitcoin is the crypto top in the market so most investors are of course based on bitcoin. and if bitcoin goes down, their interest will also decrease, and interest in altcoin falls because of the crypto king who falls.

almost all coins fell, it was very bad this year, a very weak condition did not know when it would return to normal and run smoothly again. but don't despair and don't panic to make sure this bad condition will end soon, we can only wait for the right time to produce beautiful results. Enthusiasm and always optimistic in the future of the market will definitely go up and Bitcoin Altcoin will benefit you.

[xZork]

Yes, it is bad for altcoins when BTC is consistently dropping. BTCplays a major role to manipulate the market and it has an impact on all the altcoins similarly. So if the bitcoin's price going down and it becomes red similarly all the altcoins too fall.

[Jadesola]

A drop in BTC will surely bring down the value of altcoins,so it is bad that BTC is droping.If it should continue this way then it will become worse for altcoins.